Toncoin Tunes In: Is TON Set to Reach a $5 Benchmark?

Toncoin Tunes In: Is TON Set to Reach a $5 Benchmark?

Toncoin (TON) Price Analysis: A Growing Trend

The present trading price of Toncoin (TON) stands at $1.83, accompanied by a volume of trading of approximately $25.38 Million within the previous day. The recent surge in trading activity has resulted in a 4% increase in price, following a 2% rise in trading activity.

Over the course of the last week, TON’s price has experienced an 8% increase, while its price has surged by over 52% in the last month.

Interestingly, Toncoin (TON) maintained stability at $1.3852 from June 14 to August 20. This has sparked curiosity between traders and investors, prompting questions about probable market factors or underlying developments. Rest assured, we will explore TON’s prospects in the upcoming weeks.

Toncoin (TON) Statistics:

  • Today’s Price – $1.83
  • Market cap – $6.29 Billion
  • Circulating supply – 3,431,892,088 TON
  • Total supply – 5,047,558,528 TON
  • CoinMarketCap ranking – 11

Understanding TON’s Path: Identifying Resistance and Support Zones

By examining the daily chart, you can gain valuable insights into TON’s price movement. It is possible that TON may encounter resistance at $2.0103, which could trigger an upward movement. Conversely, if it fails to surpass this level, a decline to the support zone around $1.7499 may occur.

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Listen up to these vital chart points: resistance levels at $2.0103 and $2.4013, and support levels at $1.7499 and $1.4193.

If the price remains over the 30 and 50-day moving averages, it may continue to rise, aiming for $2.0103 or higher in the coming days.

Keep in mind that TON’s RSI is as of now over 70, indicating a probable short-term price decrease in the next few trading sessions. Nonetheless, the moving averages and RSI signals suggest a probable price increase. Aim for an RSI-14 of 14 and a level of support of $1.7499. A price decline may occur if the first level of support breaks and the RSI-14 falls below 50. In the long term, the price could rise if TON maintains levels over the 30 and 50-day moving averages. To protect your investment from whole lot of losses, consider implementing stop-loss orders.

Promising Alternative to Toncoin (TON): BTCBSC

Allow us to introduce you to BTCBSC, a new stake project that offers exciting bonus and a unique presale. Motivated by the Bitcoin (BTC) ecological system, this initiative began in April 2011, when Bitcoin’s value was a mere $1 and only 6 Million coins were in circulation. Early investors have a great opportunity here.

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Bitcoin (BTC) BSC: Speedy and Profitable Staking as a Smart Alternative

The BTCBSC token is built on the Binance Smart Chain, allowing users to easily stake their tokens and earn passive income.

Although while Bitcoin, the original digital currency, holds the largest market share, it lacks versatility and is primarily used for digital investment rather than everyday transactions.

Bitcoin (BTC) BSC is similar to regular Bitcoin (BTC) but offers whole lot of advantages. In contrast to  Bitcoin, which utilizes a complex and expensive transaction processing method, Bitcoin (BTC) BSC uses a quicker and more efficient proof-of-stake system. In addition, as a BEP-20 token, it avoids the high charges associated with tokens on the Ethereum (ETH) network.

With proof-of-stake, individuals holding Bitcoin (BTC) BSC tokens can stake them to earn rewards.

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By visiting the website, you will  notice that the present stake pool bonus participants with 0.25 BTCBSC for each block. Although while the annual return percentage may decrease as more participants join, it is expected to be more attractive than numerous other stake pools, which typically offer between 5% and 10%.

A whole lot of portion of the 21 Million BTCBSC tokens will be allocated to the stake pool.

Both Bitcoin (BTC) and Bitcoin (BTC) BSC are designed to remain available for an extended period of up to 120 years. This long-term approach suggests the project’s probable for success and encourages token holders to retain their holdings, thus helping to sustain their value.

BTCBSC Presale Off to a Strong Start

The Bitcoin (BTC) BSC presale commenced on September fifth and quickly gained attention on the Web 3.0 platform, raising approximately $110,000 within two days. Bitcoin (BTC) BSC has 6.15 Million tokens available during the presale, with the remaining tokens to be released at a later date.

During the presale, 4 Million tokens of Bitcoin (BTC) BSC were priced at $0.99 each. If the presale proves to be highly successful and sells out rapidly, an extra tokens are reserved, potentially increasing the total to $6.125 million.

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The presale accounts for 29% of all available tokens, while the remaining 69% will be gradually unlocked over 120 years through staking. BTCBSC has likewise allocated 420,000 tokens (2%) for use on decentralized exchanges.

For more information on the project, consult the whitepaper or join the Telegram group. To purchase BTCBSC tokens, you can use BNB, USDT, or Ethereum (ETH) on the Bitcoin (BTC) BSC website.

Hot Take

Toncoin (TON) has shown promising growth in recent weeks, with a whole lot of increase in price. Nonetheless, the market remains unpredictable, and it is essential to carefully analyze resistance and support zones before making any investment decisions. Additionally, BTCBSC offers a unique alternative with its speedy and profitable staking system. As the project’s presale gains attention and demonstrates strong demand, it is worth considering for probable investors. Remember to conduct thorough research and consider the long-term prospects of any investment to make notified decisions in the cryptocurrency market.

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Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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